Land in Houston

$530,000

2400 Lockwood, 77020, Houston, TX

Land for sale in Houston, 2400 Lockwood, 77020

2400 Lockwood, 77020, Houston, TX

$530,000

Type: Land

Description

Discover the potential of 2400 Lockwood Dr, a prime 0.64-acre lot in Houston's dynamic Fifth Ward, perfect for your next construction or investment project. This sizable lot offers the versatility to be subdivided, making it ideal for multiple developments. Located in a rapidly developing area with easy access to downtown, this property is fully equipped with public utilities and ready for development. This buildable lot offering significant potential in sought-after, qualified Opportunity Zone (OZ). This OZ asset provides a unique investment opportunity for an OZ investor with exclusive tax benefits including deferred taxes until 2027 and a step-up in basis to maximize returns with no tax on OZ appreciation. For accurate guidance on tax benefits, it's recommended to consult with a qualified tax professional

Location

2400 Lockwood, 77020, Houston, TX

Data

Object TypeLand
Purchase Price$530,000
Living Space0 m²
Plot Size2591.61 m²
BathroomsN/A
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

No energy information available

Contact Agent

Listing Agent